27
Sep
15:51
US scrap market anticipates October-trading prime pricing fall
Approaching October trading, almost all participants in the US scrap market expect a decrease in prime grade scrap prices, though opinions on the rate of decline appear to diverge.
Some market players think the spread between shredded and busheling is still too high, and prime grade scrap prices are likely to fall by as much as $50/gross ton. However, most believe this is not possible given the low generation of busheling arising from shutdowns in the automotive i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous